Stanton Company has the following items: common stock, $720,000; treasury stock, $85,000; deferred taxes, $100,000 and retained earnings, $363,000. What total amount should Stanton ?Company report as stockholders' equity a. A. $898,000 .b. C. $1,098,000 .C. D. $1,198,000 .d. B. $998,000 For Garret Wolfe Company, the following information is available Cost of goods sold $ 60,000 Dividend revenue 2,500 Income tax expense 6,000 Operating expenses 23,000 Sales 100,000 In Garret Wolfe's single-step income statement, gross profit .a. B. should be reported at $13,500 O .b.C. should be reported at $40,000 O .C. A. should not be reported O .d.D. should be reported at $42,500 O General-purpose financial statements are the product of .a. managerial accounting O .b. both financial and managerial accounting O .c. financial accounting O .d. neither financial nor managerial accounting O The single-step income statement emphasizes .a. A. the gross profit figure o .b.D. the various components of income from continuing operations o C.C. extraordinary items and accounting changes more than these are emphasized in O the multiple-step income statement .d. B. total revenues and total expenses O